EURGBP is testing the 3-month downtrend ahead of the busy week. On Wednesday EU CPI and FOMC meeting and Thursday BOE meeting will increase the volatility of the exchange rate. If the price is able to break the downtrend, a surge to 0.8675 is a high possibility. And if EURGBP able to break the 0.8675 resistance, the way to 0.88ish levels may open.
For downward moves, the key points that we shared in our early analysis did not change. As long as the price stays below 0.8675, 0.8275 support can be a good target for the medium-term moves.